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=== Management Commentaries ===
=== Management Commentaries ===
July 14, 2023: CEO of Volkswagen Passenger Cars, Thomas Schaefer, told more than 2,000 managers in an internal meeting that “The roof is on fire" as he laid out series of problems facing Volkswagen as it seeks to become a leading EV manufacturer while continuing to produce combustion vehicles. He noted that the next few weeks and months will be "very tough" for Volkswagen and asked managers to make "small wins." “Our structures and processes are still too complex, slow and inflexible,” he said. He told employees that Volkswagen needed "team spirit more than ever" while pointing out that he will introduce new series of "performance programs" that will save the company up to 10 billion euros in spending in the next three years.  The brand's CFO, Patrik Andreas Mayer, added, “Our vehicle business is unwell."<ref>https://www.wardsauto.com/industry-news/volkswagen-ceo-schaefer-managers-roof-fire</ref>
May 31, 2023: Volkswagen brand board member said the company has introduced extra shifts at its Wolfsburg plant in order to meet production targets."Our production network in Germany was hit particularly hard by the consequences of the corona pandemic, the global chip crisis and the Ukraine war," Labbe said. "The situation has eased substantially," he added. Labbe noted that in 2022, Wolfsburg plant produced only 400,000 cars or half its annual capacity but that situation is over now<ref>https://finance.yahoo.com/news/volkswagen-launches-extra-shifts-wolfsburg-122913558.html</ref>.
May 31, 2023: Volkswagen brand board member said the company has introduced extra shifts at its Wolfsburg plant in order to meet production targets."Our production network in Germany was hit particularly hard by the consequences of the corona pandemic, the global chip crisis and the Ukraine war," Labbe said. "The situation has eased substantially," he added. Labbe noted that in 2022, Wolfsburg plant produced only 400,000 cars or half its annual capacity but that situation is over now<ref>https://finance.yahoo.com/news/volkswagen-launches-extra-shifts-wolfsburg-122913558.html</ref>.